SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered. 2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship in international traffic shall be taxable only in that Contracting State.
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Samples: Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, The income derived by an enterprise of a Contracting State from the operation of a ship ships or aircraft in international traffic shall be taxable only in that Contracting State.
2. The provisions of paragraph 1 shall also apply to income derived from participation in a pool, a joint business or an international operating agency.
3. For the purposes of this Agreement the term "international traffic" means any transport by a ship or aircraft operated by an enterprise of one of the Contracting States, except when the ship or aircraft is operated only between places in the other Contracting State.
Appears in 4 contracts
Samples: Double Taxation Avoidance Agreement, Double Taxation Avoidance Agreement, Agreement for the Avoidance of Double Taxation
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship ships or aircraft in international traffic shall be taxable only in that Contracting State.
2. Notwithstanding the provisions of paragraph 1 of Article 7, income derived from the operation of ships or aircraft solely between places in a Contracting State may be taxed in that State.
3. The provisions of paragraphs 1 and 2 of this Article shall also apply to income derived by an enterprise of a Contracting State from its participation in a pool, a joint business or in an international operating agency.
Appears in 3 contracts
Samples: Double Taxation Avoidance Agreement, Double Taxation Avoidance Agreement, Agreement for the Avoidance of Double Taxation
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship ships or aircraft in international traffic shall be taxable only in that Contracting State.
2. Notwithstanding the provisions of paragraph 1 of Article 7, income derived from the operation of ships or aircraft solely between places in a Contracting State may be taxed in that State.
3. The provisions of paragraphs 1 and 2 of this Article shall also apply to income derived by an enterprise of a Contracting State from the participation in a pool, a joint business or in an international operating agency.
Appears in 3 contracts
Samples: Double Taxation Avoidance Agreement, Agreement for the Avoidance of Double Taxation, Double Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship ships or aircraft in international traffic shall be taxable only in that Contracting State.
2. The provisions of paragraph 1 shall also apply to income derived from the participation in a pool, a joint business or in an international operating agency.
3. For the purpose of this Agreement the term "international traffic" means any transport by a ship or aircraft operated by an enterprise of a Contracting State, other than such transport confined solely between places in the other Contracting State.
Appears in 2 contracts
Samples: Agreement for the Avoidance of Double Taxation, Double Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a one of the Contracting State States from the operation of a ship ships or aircraft in international traffic shall be taxable only in that Contracting State.
2. The provisions of paragraph 1 of this Article shall also apply to income derived from the participation in a pool, a joint business or in an international operating agency.
Appears in 2 contracts
Samples: Double Taxation Avoidance Agreement, Agreement for the Avoidance of Double Taxation
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship aircraft in international traffic shall be taxable only in that Contracting State.
2. Income derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other Contracting State shall be reduced by an amount equal to 50 per cent thereof.
3. The provisions of paragraphs 1 and 2 shall likewise apply in respect of participations in pools of any kind by enterprises engaged in shipping or air transport.
Appears in 2 contracts
Samples: Agreement for the Avoidance of Double Taxation, Double Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship aircraft in international traffic shall be taxable only in that Contracting State.
2. Income derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other Contracting State shall be reduced by an amount equal to 50 per cent thereof.
3. The provisions of paragraphs 1 and 2 shall likewise apply in respect of participations in pools of any kind by enterprises engaged in shipping or air transport. Where
Appears in 2 contracts
Samples: Agreement for the Avoidance of Double Taxation, Agreement for the Avoidance of Double Taxation
SHIPPING AND AIR TRANSPORT. 1. Income derived by an enterprise of a Contracting State from the operation of a ship ships or aircraft in international traffic shall be taxable only in the Contracting State in which the ship place of effective management of the enterprise is registeredsituated.
2. Subject to the The provisions of paragraph 1, 1 shall also apply to income derived by an enterprise of a Contracting State from the operation of participation in a ship pool, a joint business or in an international traffic shall be taxable only in that Contracting Stateoperating agency.
Appears in 2 contracts
Samples: Agreement for the Avoidance of Double Taxation, Double Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship aircraft in international traffic shall be taxable only in that Contracting State.
2. Income derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other Contracting State shall be reduced by an amount equal to 50 per cent thereof.
3. The provisions of paragraphs 1 and 2 shall likewise apply in respect of participations in a pool, a joint business or an international operating agency.
1. Where
Appears in 2 contracts
Samples: Convention for the Avoidance of Double Taxation, Double Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship aircraft in international traffic shall be taxable only in that Contracting State.
2. Income derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other Contracting State shall be reduced by an amount equal to 50 per cent thereof.
3. The provisions of paragraphs 1 and 2 shall also apply to profits derived from participation in a pool, a joint business or an international operating agency. Where
Appears in 1 contract
Samples: Double Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship aircraft in international traffic shall be taxable only in that Contracting State.
2. Income derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other Contracting State shall be reduced by an amount equal to 50 per cent thereof.
3. The provisions of paragraphs 1 and 2 shall also apply to profits derived from participation in a pool, a joint business or an international operating agency.
Appears in 1 contract
SHIPPING AND AIR TRANSPORT. 1. Income Profits derived from the operation of a ship ships in international traffic shall be taxable only in the Contracting State in which the ship is registeredships are registered or by which they are documented.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship ships in international traffic shall be taxable only in that Contracting State.
Appears in 1 contract
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registeredregistered or documented.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship in international traffic shall be taxable only in that Contracting State.
Appears in 1 contract
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of by a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise resident of a Contracting State from the operation of a ship ships or aircraft in international traffic shall be taxable only in that Contracting State.
2. The provisions of Clause 1 shall also apply to income from the participation in a pool, a joint business or an international operating agency.
Appears in 1 contract
SHIPPING AND AIR TRANSPORT. 1. Income derived from the operation of a ship in international traffic shall be taxable only in the Contracting State in which the ship is registered.
2. Subject to the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship aircraft in international traffic shall be taxable only in that Contracting State.
2. Income derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed the other Contracting State, but the tax imposed in that other Contracting State shall be reduced an amount equal to 50 per cent thereof.
3. The provisions of paragraphs 1 and 2 shall likewise apply in respect of participations in pools of any kind by enterprises engaged in shipping or air transport. Where;
Appears in 1 contract
Samples: Double Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Income derived by an enterprise of a Contracting State from the operation of a ship in international traffic of ships or aircraft shall be taxable only in the Contracting State in which the ship is registeredthat State.
2. Subject to Notwithstanding the provisions of paragraph 1, income derived by an enterprise of a Contracting State from the operation of a ship ships or aircraft in international traffic the other State may be taxed in that other State, but the tax so charged shall be taxable only reduced by 50%.
3. The provisions of paragraphs 1 and 2 shall also apply to income derived by an enterprise of a Contracting State from its participation in that Contracting Statea pool, a joint business or in an international agency.
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